Can I retire at age 65 with 490,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$40,464$40,103$39,752$39,408$39,073$38,795
2 years$20,032$19,658$19,297$18,946$18,606$18,325
3 years$13,222$12,847$12,486$12,139$11,805$11,530
4 years$9,817$9,444$9,087$8,746$8,419$8,153
5 years$7,775$7,404$7,052$6,717$6,400$6,143
6 years$6,415$6,046$5,699$5,372$5,064$4,817
7 years$5,443$5,077$4,736$4,417$4,119$3,881
8 years$4,714$4,352$4,016$3,705$3,417$3,189
9 years$4,148$3,789$3,459$3,156$2,877$2,659
10 years$3,695$3,340$3,016$2,720$2,452$2,243
11 years$3,325$2,974$2,655$2,368$2,109$1,909
12 years$3,017$2,669$2,356$2,077$1,827$1,637
13 years$2,756$2,412$2,105$1,833$1,593$1,412
14 years$2,533$2,192$1,892$1,627$1,397$1,224
15 years$2,340$2,003$1,708$1,451$1,230$1,066
16 years$2,171$1,838$1,548$1,300$1,087$931
17 years$2,022$1,692$1,409$1,168$964$816
18 years$1,890$1,564$1,286$1,052$857$717
19 years$1,772$1,449$1,177$951$764$632
20 years$1,665$1,347$1,081$861$682$557
21 years$1,569$1,254$994$782$610$493
22 years$1,482$1,171$916$711$547$436
23 years$1,403$1,095$846$647$491$387
24 years$1,330$1,026$782$590$442$343
25 years$1,263$963$725$539$397$305
26 years$1,202$905$672$493$358$271
27 years$1,145$852$624$451$323$241
28 years$1,092$803$580$413$291$215
29 years$1,043$757$540$379$263$191
30 years$997$715$503$348$238$170
31 years$955$676$469$319$215$152
32 years$915$640$437$294$194$136
33 years$878$606$408$270$176$121
34 years$842$574$382$248$159$108
35 years$809$544$357$229$144$96
36 years$778$517$334$211$131$86
37 years$749$491$312$194$118$77
38 years$721$466$292$179$107$69
39 years$695$444$274$165$97$61
40 years$670$422$257$152$88$55
41 years$646$402$241$140$80$49
42 years$624$383$226$130$73$44
43 years$603$365$212$120$66$39
44 years$582$347$199$110$60$35
45 years$563$331$187$102$54$31
46 years$544$316$175$94$49$28
47 years$527$302$165$87$45$25
48 years$510$288$155$80$41$23
49 years$494$275$146$74$37$20
50 years$478$263$137$69$34$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $490,000, adding $6,025 every year, while hoping to spend $33,249 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 44/33/23 Blend
64$490,000$490,000$490,000$490,000
65$546,195$520,225$512,630$566,353
66$566,530$510,339$494,426$571,323
67$587,825$498,855$474,498$573,013
68$610,143$485,658$452,754$574,176
69$633,551$470,629$429,095$574,781
70$658,124$453,641$403,420$574,797
71$683,942$434,558$375,624$574,189
72$711,092$413,240$345,595$572,925
73$739,669$389,534$313,218$570,971
74$769,776$363,282$278,372$568,294
75$801,526$334,316$240,931$564,860
76$835,042$302,457$200,762$560,636
77$870,456$267,518$157,727$555,587
78$907,916$229,299$111,684$549,683
79$947,579$187,591$62,481$542,893
80$989,620$142,171$9,963$535,185
81$1,034,229$92,805$0$526,534
82$1,081,614$39,246$0$528,222
83$1,132,002$0$0$532,262
84$1,185,641$0$0$543,047
85$1,242,805$0$0$569,761
86$1,303,789$0$0$598,296
87$1,368,923$0$0$628,811
88$1,438,562$0$0$661,476
89$1,513,100$0$0$696,483
90$1,592,967$0$0$734,037
91$1,678,634$0$0$774,367
92$1,770,620$0$0$817,723
93$1,869,492$0$0$864,378
94$1,975,875$0$0$914,635
95$2,090,453$0$0$968,823
96$2,213,979$0$0$1,027,308
97$2,347,279$0$0$1,090,487
98$2,491,261$0$0$1,158,799
99$2,646,923$0$0$1,232,728
100$2,815,361$0$0$1,312,803